Target Healthcare REIT (LSE:THRL) LT-Debt-to-Total-Asset : 0.26 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Target Healthcare REIT LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Target Healthcare REIT's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.26.

Target Healthcare REIT's long-term debt to total assets ratio increased from Dec. 2022 (0.26) to Dec. 2023 (0.26). It may suggest that Target Healthcare REIT is progressively becoming more dependent on debt to grow their business.

Target Healthcare REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Target Healthcare REIT's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Target Healthcare REIT LT-Debt-to-Total-Asset Chart

Target Healthcare REIT Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.20

0.23

0.18

0.24

0.25

Target Healthcare REIT Semi-Annual Data
	Jul13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.24	0.24	0.26	0.25	0.26

Target Healthcare REIT LT-Debt-to-Total-Asset Calculation

Target Healthcare REIT's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	227.051	/	908.258
	=	0.25

Target Healthcare REIT's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	249.863	/	946.69
	=	0.26

Target Healthcare REIT (LSE:THRL) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Target Healthcare REIT LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Target Healthcare REIT's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Target Healthcare REIT (LSE:THRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Target Healthcare REIT PLC (LSE:THRL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

THRLl:UK

Address

69 Old Broad Street, Level 4, Dashwood House, London, GBR, EC2M 1QS

Website

https://www.targethealthcarereit.co.uk

Target Healthcare REIT PLC is a closed-ended investment company, which acts as a long-term investor in care homes in the UK. The investment objective of the company is to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in a diversified portfolio of freehold and long-leasehold care homes. The company pursues its objective by investing in a portfolio of care homes, in the United Kingdom, that are let to care home operators on repairing and insuring leases.

Target Healthcare REIT (LSE:THRL) Headlines

No Headlines